28 June 2018 – AGM statement
At the AGM the company has reported that trading is in line with expectations for the year to date. The company is experiencing some currency headwinds in sterling terms although some hedging arrangements are in place. Latin America has also not been immune to economic problems in certain countries such as Brazil, Mexico and Argentina although more recently trading has improved. Given the attractive long term prospects for the company. the fall in the share price seems an overreaction and we believe that the shares remain a BUY.